Midterm Review Outline

Midterm Review Outline - maximization problem and know its...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
ECON 3102 Midterm Review Outline Part I: Measurement 1. Introduction (Chapter 1) 2. Measurement and national accounts (Chapter 2) 3. Business cycle measurement (Chapter 3) Part II: The one-period economy 4. Microeconomic fundamentals (Chapter 4; Handout 1,2) Characteristics of Utility Functions (Inada Conditions, Marginal Utilities, etc.) The representative consumer s problem (Know how to set up the consumer s utility maximization problem and know its components) Solving for optimal consumption allocations The firm's profit maximization problem (Know how to set up the firm
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: maximization problem and know its components) Solving for optimal firm allocations 5. A closed-economy one-period macroeconomic model (Chapter 5; Handout 3) Competitive Equilibrium (Defining CE, Characterizing main equations, etc) Solving for the equilibrium allocations The Social Planner’s Problem Pareto Optimal Equivalence Part III: Introduction to dynamics and economic growth 6. The Solow growth model (Chapter 6) Key Equations relating k, k’ Solving for steady state values 7. Growth convergence (Chapter 7)...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern